Directions: Complete the table by finding the unknown values. Ic n Interest Compounded im m (4) (5) 28 (1) Semi aпually (2) (3) 2 00 (7) (8) 5 yrs and 3 mos (9) 500 (1 00 (6) Quarterly
Q: Based on a time value of money of 10% per year, $1,000 occurring at t = 3 is equivalent to $1,610.51…
A: Present value is the financial concept which shows that states that the sum of money today is worth…
Q: payable with year-end adjustments LO P1 vember 1 of the current year by signing a 90-day. 11%.…
A: The person who promised to pay the specified amount by signing a note is treated as notes payable as…
Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…
A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly at 4.1%
Q: Complete the following without using Table 12.1. Principal $575, Time 1 year, Rate 4%, Compounded…
A: Calculation of period used: Answer: Number of periods compounded is 4. Given information: Principal…
Q: The amount of interest expense recognized in March, rounded to the nearest dollar, would be: 1)…
A: Formula
Q: nuary 1, 2008, Grate Company (as lessc Barrell Company for machinery which v- 0,000 and had a market…
A: In the given question, Grate Company gives Barrell Company a machinery at $4,530,000 with the market…
Q: An account begins the year with a $500.00 balance. If the account earns 2% simple interest, what is…
A: The account balance at end of year is sum of principal and interest earned.
Q: compounded monthly is now $2,997.78. How much of this amount is principal and how much is interest?…
A: Future value of amount is value of principal amount and interest while present value is amount of…
Q: Felipe Rivera's savings account has a balance of $3901. After 3 years what will the amour of…
A: Given information: Savings account balance of $3,901 Interest rate is 1.9% compounded quarterly…
Q: (3) from the tollowing particuları takenout foIom h TO Geneval Expernses 2680 ouquiud to pauy books…
A: The Trail Balance is given for the year ended 31st December 2019. Required 1. Trading & Profit…
Q: Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your…
A: EAR = (1 + i/n)^n - 1 Where i = interest rate per year, n = no of times compounding in 1 year
Q: Presented below are the data on three promissory notes. Determine the missing amounts (round answers…
A: WN 1. Maturity date calculation For 1st Promissory note = April 1 + 60 days = May 31. For 2nd…
Q: Security A and security B both provide semi anual payment of 89 over 5Year. the annual rate of…
A: There are two types of annuity Deferred annuity Annuity due Deferred annuity means cash flow…
Q: Question 3 A debt of $15000 is reped i arterly installments of $4200 ferest is 9 compounded…
A: The amortization schedule shows the payment structure of the repayment of the loan amount. It…
Q: . Estimate the duration of Deposit NBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit…
A: Given Information:Loan M (7%, 6 years) is $200 Deposit N (3 years, 2%) is $200 Equity is $50 Total…
Q: Presented below are the data on three promissory notes. Determine the missing amounts (round answers…
A: Maturity Date = Date of Note + Terms
Q: d) Suppose you begin making a monthly payment of $75.00. Fill in the table. Current Month Interest…
A: Month Current Balance Interest Payment Amount applied to the Principal 1 $2750.00 $45.38 $75…
Q: Repost could you please complete the sub parts D and E please Payment and frequency (PMT) Time…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: made during the year are listed b book value of P86,000 will be solc ock of Ohio Company will be…
A: Given: To find the cash slow statements and supporting schedules with the values provided as,
Q: Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30…
A: Interest Expense = 150,000 x 6% x 30 / 360 = $750
Q: What is $425 to be received at the end of the year worth on January 1, assuming 6% interest…
A: Amount = Principal*(1+r/n*100)^nt where, r = rate of interest n = no. of period t = no. of year
Q: Interest at j12-6% with monthly payments of .50 Calculate the missing amounts in the amortization…
A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…
Q: Find the present value of an account if the future value is $4,200 at 6 #% simple $ interest from…
A: Present value is the current value of a future amount with a specified rate and at a specified time.…
Q: (d) BB&T offers an account with 5.69 % interest compounded quarterly. APY = Number (e) Navy Federal…
A: APY or annual percentage yield is the actual rate of return earned on the investment
Q: Compute the present values of the following annuities first assuming that payments are made on the…
A:
Q: Ezample 1. - Find the compound amount after 1 year if $100 is in vested at the rate 8%, compounded…
A: The rate per conversion is 0.015. The original principle is $100 At the end of 3 months $1.5…
Q: 6. Determine the accumulated balance: $1200 invested in an account that cams interest at an APR of…
A: Future value of the investment that is compounded continuously can be calculated using the…
Q: as $93,000 a adjustment or years. If th an they contr
A: GIVEN taxpayer's earned income $93,000 pension adjustment $7,000
Q: -21. Received from McKenna Outer Wear Co., on account, a $72,000, 60-day, 9% note dated November 21…
A: Journal entry Date account and explanation Debit Credit Nov 21,2013 Notes receivable…
Q: 4) complete the chart. Principle Interest Time Invested Compounding Frequency Semi-annually Interest…
A: Compound interest is the interest earned on interest. In simple interest, one earns interest only on…
Q: Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30 Issued…
A: Solution: a. Date Account title Debit Credit 30-Apr Accounts payable 1080000 Note…
Q: Solve by using compound table: (Round the "Total Amount" and "Total Interest" to the nearest cent.)…
A: Total Amount = P 1+rnnt where P = Principal r = Rate of Interest n = number of compounding per year…
Q: 1. Which among the following interests is the largest a. 13.03% compounded quarterly b. 12.90%…
A: To compare the given rates we need to calculate effective annual rate for each of the case.…
Q: Solve by using compound table: (Round the "Total Amount" and "Total Interest" to the nearest cent.)…
A: The concept of the time value of money states that the current worth of money is more than its value…
Q: What amount was invested at 3% if it earned an interest of P2,300 in 2 years and 3 months? A)…
A: Simple Interest, SI = P2,300 Rate, R= 3% Time, T = 2 years 3 months = 2 years and 0.25 years = 2.25…
Q: Please provide COl TE and CLEAR 3. Determine number of days needed to accumulate an ordinary si of…
A: In this we need to calculate the number of days using simple interest formula.
Q: ate the of x for the CF shown such that the AW in (1-9) is equal to (2,000) ? i, = 12% per unded…
A: In this we need to calculate the present value of all and from that we can get the value of x.
Q: Complete the following table by computing the missing amounts for the following independent cases.…
A: Interest earned is calculated by multiplying the principal amount with the rate of interest and…
Q: at t-5), various interest rates are applied: 4% for year 1; 6% for years 2 and ivalent net value at…
A: In this we have to determine net value at end of 5 years.
Q: Consider the problem below... Find the accumulated balance after 3 years when $6500 is deposited…
A: Annual percentage rate is divided by 12 to get monthly rate.
Q: What is the amount of interest owed if $7,850 is borrowed at 6.55% for 1 year? Round to two decimal…
A: Interest is the charge paid to the money lender for borrowing something in monetary terms. It is…
Q: Table 2 P m i t n C P a)_ Semi- b)_ c)_ 2 d)_ e). 2,000 annually 2,800 quarterly g) h) 5 yrs and 6 P…
A: The concept of the time value of money(TVM) is working on the purchasing power capacity of money.…
Q: The rate of earnings is 6% and the cash to be received in 4 years is $54,159. The present value…
A: Formula to calculate present value in the 4th Year:Present value = Cash received * PVIF factor
Q: Directions: Complete the table by finding the unknown values. P im m Interest Compounded j 2000 (1)…
A: Here, To Find:
Q: Accrued Interest Payable The following is a list of outstanding notes payable as of Decemb Maker…
A: Accrued interst payable The amount of interest recognised as a cost by the borrower but not yet paid…
Q: 1) Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly.…
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: In how much time will PhP 1,171 accumulate to to PhP 1,356 (interest + principal) at 8.85% simple…
A: The amount of time taken can be calculated with the help of simple interest function
Q: Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your…
A: An effective annual rate of interest or E.A.R. is the interest which is earned in real times over a…
Step by step
Solved in 4 steps
- Given the following information, show all three methods to dispose of over- or under-applied MOH. CGS for the period was $95,000, using applied MOH of $15,600. Three months later, it was discovered that actual MOH was $17,550. Ending Balance RM $40,500 WIP $60,000 FG $120,000Consider the problem below... Find the accumulated balance after 3 years when $6500 is deposited into an account that compounds monthly with an APR of 4% compounding monthly. Match the values given in the problem with the correct notation. Question 2 options: 1234 0.04 1234 3 1234 12 1234 6500 1. P 2. APR 3. n 4. YCalculate the following for Co. XYZ: c. Average collection period (365 days) d. Times interest earned Assets: Cash and marketable securities $400,000Accounts receivable 1,415,000Inventories 1,847,500Prepaid expenses 24,000Total current assets $3,686,500Fixed assets 2,800,000Less: accumulated depreciation 1,087,500Net fixed assets $1,712,500Total assets $5,399,000Liabilities: Accounts payable $600,000Notes payable 875,000Accrued taxes Total current liabilities $1,567,000Long-term debt 900,000Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000Less: Cost of goods sold 4,375,000Selling and administrative expense 1,000,500Depreciation expense 135,000Interest expense Earnings before taxes $765,000Income taxes Net income Common stock dividends $230,000Change in retained earnings
- Whatiseachofthefollowinginvestmentsworthtodayassuminganannualdiscountrateof 7%? 1.(a) A3-yearmaturity“B”ratedcorporatebondwith4%annualinterestpaymentsanda principal value of £1,000Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How many errors can you find in the following financial statements far Alpine Realty, Inc. prepared after its first month of operations?Below are Mine’s transactions for the third quarter:· Payment of quick response insurance premium for calendar year (payment was made during the 1st quarter)- P400,000· Loss from earthquake- P980,000· Writedown of inventories (loss in P/L)- P720,000How much is the total expense for the third quarter?
- The following is a pre-adjusted Trial balance of Khulumani Pty Ltd (Khulumani) on 28 February 2020 Balance sheet sectionCapital 596 400,00Drawings 130 500,00Land and buildings 600 000,00Equipment 145 000,00Accumulated depreciation (1 March 2020) 33 000,00Fixed deposit: TT Bank (8% p.a) 50 000,00Loan: BTK Bank (16% p.a) 60 000,00Inventory (1 March 2020) 105 330,00Debtors control 51 630,00Creditors control 74 400,00Bank 18 720,00Petty cash 1 500,00Nominal AccountsSales 841 600,00Purchases 408 760,00Sales returns 6 000,00Purchases returns 4 500,00Rent income 80 400,00Interest on fixed deposit 2 000,00Bank charges 2 700,00water & electricity 18 810,00Telephone 5 250,00Insurance 5 850,00Interest on loan 7 250,00Rates and taxes 24 600,00Salaries & wages 84 640,00Consumables stores 10 960,00Advertising 14 800,00 Adjustments and additional information1. Inventory on hand on 28 February 2020 amounted to R91 000. Inventories are measured at cost, on a FIFO method andat net realisable…The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:Dec. 31, 20Y2 Dec. 31, 20Y1AssetsCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 918,000 $ 964,800Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 828,900 761,940Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,268,460 1,162,980Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,340 35,100Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,900 479,700Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,462,500 900,900Accumulated depreciation—buildings . . . . . . . . . . . . . . . . . . . . . . . . . . .…Given an acid-test ratio of 2.0, current assets of Ph5,000 and inventory of Ph2,000, the value of current liabilities is a. Ph1,500 b. Ph 2,500 c. Ph 3,500 d. Ph6,000
- Alamkoto Corp. reported the following data for 2019: a. P1,060,000 b. P1,000,000 c. P960,000 d. P970,000 e. Answer not given3. The following is the trial balance of Aroro Enterprise as at 31 August 2019Particulars Debit (RM) Credit (RM)Capital 48,400Drawings 3,500Trade receivables 9,000Trade payables 12,500Sales 40,400Purchases 31,000Sales returns 300Purchases returns 250Wages and salaries 5,600Discounts allowed 120Discounts received 200Provision for doubtful debts 300Insurance 700Inventory as at 1 September 2018 2,400Utilities 950Rates 350Premises 10,000Fixtures and fittings 3,000Motor van 20,000Cash in hand 330Cash at bank 14,800TOTAL 102,050 102,050Additional information as at 31 August 2019:i. Inventory as at 31 August 2019 amounted RM3,300ii. An entity from whom there is accounts receivables of RM200 was unable tosettle his debt and this amount is to be written off as bad debts.iii. The provision for doubtful debts is 1% of the outstanding trade receivables.iv. The owner took RM100 worth of goods from the business for his own useRequired:a) Statement of Profit or Loss and Others Comprehensive Income…what sum of money due on july 1 2020 is equivalent to 24000 due january 1 2011 if j2=7% for 2011, 2012,2013 and j2=6% thereafter Please answer correct calculation asap plz Don't answer by pen paper plz